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$1,099,990
BB26141054 MLS
Exceptional investment and development opportunity! Situated on an expansive 8,693 square foot lot, this property offers outstanding potential for developers, investors, and visionaries looking to maximize the value of a large parcel. The generous lot size presents exciting possibilities for redevelopment, expansion, or reimagining the property to its highest and best use (buyer to verify all development possibilities, zoning, and building requirements with the appropriate local agencies). The existing 1,612 square foot duplex consists of two 2 bedroom, 1 bathroom units, making it an excellent opportunity to generate rental income while planning future improvements. This fixer is ready for renovation and offers substantial upside for those seeking to add value. A detached 2-car garage and the oversized lot provide additional flexibility for future projects. Whether you're looking to renovate, expand, develop, or build new, this rare property combines immediate income potential with exceptional long-term development opportunities.

14301 Roscoe Boulevard, Panorama City

Listing courtesy of Listing Agent: Bradley Korb (brad@bradkorb.com) from Listing Office: Brad Korb Real Estate Group.

$2,499,999
TR26098614 MLS
RARE LOT WITH SIGNICANT UPSIDE IN AN AREA WITH UNLIMITED DEVELOPMENT OPPORTUNITY. Centrally located near freeways, transit, shopping, and major employment hubs—an attractive location for both renters and end buyers, this R3 lot is in a high-demand panorama city location. This property is ideal for multifamily development with strong potential to build apartments for long-term rental income, develop condos for resale, or a hybrid strategy (buyer to verify). This property was previously planned for a 31-unit apartment project, permits are expired but this offers a valuable head start for redevelopment. Property sold for land value. Buyer to verify zoning, density, access to utilities and development potential with the City.

7911 Ventura Canyon, Panorama City

Listing courtesy of Listing Agent: May Phan (phan.may@gmail.com) from Listing Office: King Realty Group Inc.

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Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.